Raymond James Trust N.A. Purchases New Holdings in iShares Silver Trust (NYSEARCA:SLV)

Raymond James Trust N.A. purchased a new position in shares of iShares Silver Trust (NYSEARCA:SLV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,498 shares of the exchange traded fund’s stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SLV. NWI Management LP increased its stake in shares of iShares Silver Trust by 10,526.6% during the 1st quarter. NWI Management LP now owns 5,313,305 shares of the exchange traded fund’s stock worth $120,878,000 after purchasing an additional 5,263,305 shares during the last quarter. Simplicity Wealth LLC bought a new stake in shares of iShares Silver Trust in the first quarter valued at $37,183,000. Commonwealth Equity Services LLC lifted its position in shares of iShares Silver Trust by 27.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,601,570 shares of the exchange traded fund’s stock valued at $34,882,000 after buying an additional 343,004 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of iShares Silver Trust by 32.3% during the 1st quarter. SG Americas Securities LLC now owns 1,574,171 shares of the exchange traded fund’s stock worth $35,812,000 after acquiring an additional 384,056 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in iShares Silver Trust by 17.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,352,014 shares of the exchange traded fund’s stock worth $35,923,000 after acquiring an additional 204,606 shares during the last quarter.

iShares Silver Trust Stock Up 0.1 %

NYSEARCA SLV opened at $27.36 on Wednesday. The company has a market cap of $12.84 billion, a PE ratio of -7.01 and a beta of 0.43. iShares Silver Trust has a 52 week low of $18.97 and a 52 week high of $29.56. The firm’s 50-day simple moving average is $26.67 and its two-hundred day simple moving average is $25.31.

About iShares Silver Trust

iShares Silver Trust (the Trust) owns silver transferred to the Trust in exchange for shares issued by the Trust. The Trust’s each share represents a fractional undivided beneficial interest in its net assets. The assets of the Trust consist of silver held by the Trust’s custodian on behalf of the Trust.